Figure · FIG:pilot/dupont-analysis

DuPont analysis separates operating return from financing structure

An equation bridge showing how margin, turnover, and leverage multiply to return on equity.

Updated Aug 7, 2026 Review due Nov 7, 2026
DuPont analysis decomposes return on equity into profit margin, asset turnover, and the equity multiplier under aligned inputs.
Detailed visual description

Four boxes present net profit margin, total asset turnover, the equity multiplier, and return on equity. Multiplication signs connect the first three and an equals sign leads to return on equity. The caption warns that the shared sales and average-asset terms cancel only when definitions, amounts, periods, and averaging conventions align; the arithmetic identity alone is not a causal explanation.

Review apparatus

Visual provenance and review

Technique
ai specified svg
Role
explanatory
Review state
revised
Model source
openai · openai:gpt-5.6-terra
Rights
CC0-1.0 · Project-authored deterministic rendering of a reviewed model-assisted specification

Review notes

  • OpenAI correctly preferred an equation bridge and surfaced the cancellation boundary.
  • Its proposed args used unsupported left_expression and bridge_steps fields, so the central renderer rejected the raw proposal.
  • The retained proposal was manually translated into the supported terms/operators grammar without adding facts.
Retained model-call description

scripts/figures/llm_spec.py constrained proposal using the complete C:dupont-analysis record; retained output records the learning question, rationale, proposed spec, and fact-check list.